Emergência Participações, an environmental and industrial service provider, went public via a merger with HPX, a blank check company, in a $581m deal. PIPE investors included Opportunity, Constellation, XP and Ambipar Group. “The opportunity to partner with Ambipar Response perfectly fits the investment criteria that we defined in our IPO in 2020. Ambipar Response is an industry leader in Brazil, with an extensive runway to continue to consolidate the fragmented environmental services industry worldwide. With its operating expertise and acumen to acquire and develop strategic companies across new geographies, we believe Ambipar Response can grow rapidly and become a global leader in its market,” Carlos Piani, HPX Chief Executive and Financial Officer.